Recognized by Govt. of India
Online PTEC and PTRC Registration with Perfection Consulting India
PTEC and PTRC, akin to income tax, are collected by the State Government. This tax applies to various professions, trades, and employment, and is based on the income derived from such activities. It is imposed on employees, business owners, freelancers, and professionals alike.
Perfection Consulting India offers expert assistance with the P-Tax Registration and Filing process. Professional Tax (P-Tax) is imposed by state governments on individuals based on their profession, trade, or employment. The tax rates vary by state, with a maximum annual payable P-Tax of INR 2000. States like Maharashtra, Karnataka, Gujarat, Kerala, West Bengal, Assam, Madhya Pradesh, Orissa, Tripura, and Meghalaya currently impose this tax.
What is the Applicability of Professional Tax?- Company/Firms/LLP: Companies, firms, LLPs, corporations, societies, HUFs, associations, and clubs are taxable entities.
- Professionals (Individuals): Legal practitioners (solicitors, notaries), medical representatives (dentists, medical consultants, doctors), and other professionals (management consultants, tax consultants, surveyors, CS, CA, insurance agents, engineers, architects, contractors) are required to pay professional tax.
There are two types of Professional Tax Certificates:
- PTEC (Professional Tax Enrollment Certificate): Paid by the business entity, owner, or professional, including Private/Public Limited Companies, Sole Proprietors, Directors, etc.
- PTRC (Professional Tax Registration Certificate): Employers, both government and non-government, deduct the tax from employees' wages and deposit it with the government.
Our Process
01
Complete the form
02
Make the payment
03
Receive a call from our P-Tax Expert
04
Upload the requested details
05
Our experts will seek your approval for P-Tax registration and filing
06
Perfection Consulting India will finalize the registration process
Service Fees
Basic Plan
- Professional Fee: INR 1499
- Enrollment for PTEC and PTRC
- Dedicated PTax Expert
- Phone, chat & email support
- Excludes Government Fees
Suitable for every business person
Standard Plan
- Professional Fee: INR 3999
- Registration for PTEC and PTRC
- Dedicated PTax Expert
- Phone, chat & email support
- Excludes Government Fees
For businesses with more than 20 employees
Smart Plan
- Professional Fee: INR 5999
- Registration for PTEC and PTRC + 3 Months Return Filing
- Dedicated PTax Expert
- Phone, chat & email support
- Computation
- Excludes Government Fees
Mega Plan
- Professional Fee: INR 9999
- Registration for PTEC and PTRC + 6 Months Return Filing
- Dedicated PTax Expert
- Phone, chat & email support
- Computation
- Excludes Government Fees
Required Documentation for PTEC and PTRC Enrollment
The subsequent documents are obligatory for online P-Tax registration facilitated by Perfection Consulting India:
Documentation Required for PTEC and PTRC Registration
The subsequent documents are essential for online P-Tax registration facilitated by Perfection Consulting India:
Acknowledgment of the online form, along with the printout of the submitted digital form.
Copy of PAN Card.
Residence proof of Partner, Director, Proprietor.
Proof of Business Constitution like Certificate of Incorporation.
Blank Cancelled Cheque.
Address proof of Business place.
Establishment Certificate.
PAN & PTEC details.
Benefits
The following advantages are associated with online P-Tax registration through Perfection Consulting India:
Professionals can claim deductions in their wages based on the professional tax paid. This deduction is allowed in the same year in which the taxpayer pays the P-Tax amount.
The P-Tax regulations are straightforward to follow, along with an easy registration process for this particular matter.
Failing to register and file P-Tax can lead to significant penalties that escalate over time.
As per the regulations of the Indian Government, every working professional is required to pay professional tax.
Local authorities and state governments utilize this taxable amount for various developmental purposes.
Key Points to Note
- It's essential to file P-Tax after every financial year. Employers also have the opportunity to rectify any errors within the designated registration and filing period.
- The P-Tax amount varies across different states in India. Notably, the Maharashtra government has introduced a new law stipulating that each partner of a Limited Liability Partnership (LLP) is obligated to pay P-Tax of INR 2,500 per annum.
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